PE Deals

QPE-backed One Beyond picks up software developer JayStack

The purchase coincides with One Beyond’s rebrand from DCSL.

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  • QPE is investing its £202 million Fund I
  • One Beyond will be making further acquisitions
  • JayStack delivers business-critical software systems and cloud infrastructure for blue-chip clients in the UK and Europe

Queen’s Park Equity-backed One Beyond, formerly DCSL, has bought Hungarian software development company JayStack.

JayStack provides blue-chip clients across the UK and Europe with business-critical software and cloud infrastructure. Budapest-headquartered JayStack has grown to a team of nearly 100 engineers. One Beyond is a software engineering and digital transformation company headquartered in Farnborough in the UK. It employs over 300 people.

“We are delighted to welcome JayStack into the One Beyond group,” said Sami Igout, investment manager at QPE. “JayStack’s expertise in working with enterprise scale clients across Europe, its reputation for quality and its excellent team culture make JayStack a highly attractive and natural fit with One Beyond.”

As part of the deal, former JayStack CEO Péter Zentai will take up a new role as chief technology officer at One Beyond.

“We feel very excited about the future as part of One Beyond,” said Zentai. “We founded JayStack with the dream of reaching a strong international presence. After many successful years working together, in One Beyond we have found our firm partner to live out this dream. We are humbled by the opportunity to participate in building this amazing enterprise as part of the One Beyond team.”

“JayStack is an established software firm with close ties to One Beyond, so they were a very exciting option for investment,” said Nick Thompson, CEO of One Beyond. “Their technical expertise is complementary to what we already have at One Beyond, and with this merger of two independently successful businesses, we will continue to operate as one bigger, better, stronger company.”

London-based QPE invests across the education, health and pharma, and tech services sectors. It is currently investing its £202 million QPE Fund I.